Ethereum Improvement Proposal 7983 (EIP-7983) emerges amid growing competition from faster blockchains like Solana, which surpassed Ethereum in decentralized application revenue with over $146 million generated in June
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The proposal comes as Ethereum faces mounting competition from faster and more efficient smart contract platforms.
For instance, in June, Solana outpaced Ethereum in terms of decentralized application revenue, generating over $146 million.
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